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ACADEMIC PROGRAMS
Birmingham-Southern College Catalog 2015-2016
AC 341 Income Tax I (1)
A study of Federal income tax laws, research procedures, tax return
preparation, and tax planning relating to individuals.
AC 342 Income Tax II (1)
A study of Federal income tax laws, research procedures, tax return
preparation, and tax planning relevant to corporations, partnerships,
and tax-exempt entities, with an overview of taxation of international
transactions. Prerequisites: AC 322 and a “C” or better in all previous AC
courses.
AC 361 Business Law (1)
An explanation of the workings of the law in business, scope and
classification of business law, legal relations of people in business, the law
of contracts; damages, guaranty and suretyship, negotiable instruments,
partnership and corporate forms of business organization. Prerequisite:
accounting major.
AC 421 Auditing I (1)
A study of the theory of financial compliance and operational audits.
Performance of a simulated audit and case presentation provides students
with practice in applying professional auditing procedures for evidence
gathering, evaluation, reporting, ethics, legal liability, and teamwork.
Prerequisites: AC 322 and a “C” or better in all previous AC courses.
AC 422 Auditing II (1)
A study of advanced concepts in auditing. Students acquire further
academic preparation in understanding and applying auditing in the
computer environment, information systems control concepts, special
audit risk considerations, and consultation in a computer systems context.
Prerequisite: senior standing.
AC 428 Advanced Accounting (1)
A study that deals primarily with corporate consolidation problems, foreign
currency transactions and translations. Prerequisite: senior standing.
AC 443 Governments and Not-for-Profit Accounting (1)
A study and critique of the conceptual and procedural issues pertaining
to the accounting, reporting, and auditing of not-for-profit organizations,
including state and local governments, hospitals, universities, and health
and welfare organizations. Prerequisite: senior standing.